IPO Debuts Show Some Demand

Updated Aug. 4, 2007 12:01 a.m. ET

NEW YORK -- Based on the stocks that began trading during the week, investors still appeared eager to buy new issues -- though only after most of the prices were reduced to the low end or below the range originally set.

On Friday, two initial public offerings began trading: energy company Concho Resources Inc., which rose 12%, and offshore outsourcing company Virtusa Corp., which fell 15%. Virtusa was the only IPO of the week that...